Crypto News
| Published On Jan 15, 2022 2:06 am CET  |  Updated on Sep 12, 2023 8:41 am CEST | By Peter Siu

Crypto Exchange FTX Launches $2B Fund With Special Interest In Gaming

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Crypto derivatives exchange FTX announced it has created a $2 billion fund to invest in crypto-industry startups.

Initially reported by the Wall Street Journal, citing Amy Wu, the Head of the fund later confirmed the news herself on Twitter.

The new fund, FTX Ventures instantly becomes one of the industry’s largest funds, with the full funding coming from FTX and its founder, Sam Bankman-Fried.

FTX Ventures is considering making investments in the range of  $100,000 up to hundreds of millions of dollars, depending on the opportunities that show up in the market.

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Wu disclosed that the fund has a particular interest in crypto gaming companies, in addition to insurance and security products.

Peter Siu

Peter is a former poker-pro, turned crypto enthusiast with 8+ years’ experience in operational roles dealing with all online gaming verticals within large iGaming companies, including Flutter and Entain. Now an expert in the field of Sports Betting, Casino, iGaming, and Poker, he is our team leader and editor. When not working, Peter can be found in the gym or playing sports like football, tennis and more recently padel.

Tags: Crypto GamingFTX

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